Australia's EQ Resources gains on higher ore reserves at Queensland project

EQ Resources

18/05/2023 05:11

** Shares of EQ Resources Ltd  EQR.AX  rise as much as 5.7%
to A$0.074, set for best day since April 27, if trend holds
    ** The mineral explorer says a 43% increase in contained
tungsten metal in open cut ore reserves at its Carbine Tungsten
Project in North Queensland
    ** Co says open cut ore reserves tonnage increased to 5.93
metric tonne (mt) from 3.54 mt  
    ** EQR stock at its highest level since May 8
    ** Stock up ~46% YTD, as of last close

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))